Securities code: Harbin Dongan Auto Engine Co.Ltd(600178) securities abbreviation: Harbin Dongan Auto Engine Co.Ltd(600178) Announcement No.: pro 2022021 Harbin Dongan Auto Engine Co.Ltd(600178)
With regard to the announcement on investing in the phase I construction project of the new base of new energy hybrid system, the board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and integrity of its contents.
1、 Investment overview
Due to historical reasons, the company shares the plant area with China Aviation Development Harbin Dong’an Engine Co., Ltd. (hereinafter referred to as “China Aviation Development Dong’an”), the land ownership used by the company belongs to China Aviation Development Dong’an, some of the plants and sites used are leased to China Aviation Development Dong’an, and the main energy such as electricity belongs to China Aviation Development Dong’an. According to the 14th five year plan of China aviation engine group, China Aviation Development Dongan requires the company to relocate the existing plant area. At the same time, the company’s existing plant cannot meet the demand of the next generation of efficient engine products. In order to meet the market demand, the company still has a high level of capacity utilization when outsourcing some parts. The existing plant cannot meet the demand of the new production line, which has seriously restricted the future development. To this end, the company makes use of the resources in Harbin to promote industrial agglomeration, double the industrial scale, form an integrated R & D and manufacturing base of traditional and new energy power assemblies with economic scale, and build a new base of new energy hybrid system of China Ordnance Equipment Group and China Chongqing Changan Automobile Company Limited(000625) Group Co., Ltd. in Harbin, with a total planning area of about 51 hectares.
The construction goal of the project is to have a machining and commissioning capacity of 100000 sets / year and an assembly capacity of 200000 sets / year for m15n / 16N series engines. The construction period of the project is 18 months, and the production capacity will be reached by 2023. The estimated investment amount is 4878838 million yuan, and the project fund source is self raised by the enterprise.
2、 Basic information of investment object
1. Project Name: phase I construction project of new energy hybrid system base
2. Construction content
The newly added land is 998700 square meters, the new No. 5 combined plant and test and trial production plant are built, and 171 sets of equipment are purchased.
3. Project construction period: 18 months
4. Project capital: the total investment is 487883800 yuan
5. Economic benefit analysis of the project
Sn indicator name unit indicator
1. Sales revenue: RMB 276500 yuan / year
2. Total profit: RMB 10000 / year
3. Net profit of RMB 10000 / year 12062
4 investment payback period 7.9 years
5. Internal rate of return% 14.44
3、 Impact of investment projects on Listed Companies
(I) fund source arrangement: self raised by the enterprise
(II) impact on the future financial status and operating results of listed companies:
The products of the project can meet the requirements of fuel consumption and national 6B (including RDE) emission limits of commercial vehicles in phase IV and passenger vehicles in phase V, closely follow the policy guidance and technological development trend of new energy vehicle industry, accelerate the pace of integrated R & D and industrialization of high-efficiency and extended range power, quickly respond to the market and meet the needs of users. The highest thermal efficiency can reach 43%, which is the leading level in China. After the implementation of the project, it will enhance the market position and competitiveness of the company, enhance the sustainable profitability of the company, and become a new profit growth point of the company.
4、 Investment risk analysis
1. During the construction period of the project, the investment cost will be affected by many factors such as the price fluctuation of raw materials, labor cost and other factors, the fluctuation of loan interest rate, construction progress and so on, thus affecting the yield of the project. In this regard, during the implementation of the project, the company will strengthen the control of the project process and pay attention to the prediction and prevention of possible adverse conditions and changing factors, so as to ensure the completion of the project as planned.
2. After the project is completed and put into operation, the expected income may be adversely affected by any adverse change in the macroeconomic environment or decline in demand. In this regard, the company will actively pay attention to the changes in the economic situation and reduce business risks through positive means.
The project needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval before implementation.
Harbin Dongan Auto Engine Co.Ltd(600178) board of directors
March 15, 2022
